Nationshealth (NASDAQ:NHRXU)
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NationsHealth, Inc. (Nasdaq: NHRX, NHRXW, NHRXU) announced that it was
advised today by the Nasdaq Listing Qualifications Department that the
Company had demonstrated compliance with the continued listing
requirements for inclusion on The NASDAQ Global Market under Marketplace
Rule 4450(b)(1)(A), which requires a minimum $50,000,000 market value of
listed securities for at least 10 consecutive trading days, and, as a
result, the staff had closed its review of the Company’s
eligibility under Marketplace Rule 4450(b)(1)(A). The Company had
previously announced this review on October 18, 2006.
As previously announced, on September 12, 2006 NationsHealth was advised
in a separate review by the Nasdaq Listing Qualifications Department
that the Company’s common stock had not
maintained a minimum market value of publicly held shares (“MVPHS”)
(i.e. the Company’s total shares outstanding
less any shares held by officers, directors or beneficial owners of 10
percent or more) of at least $15,000,000 as required for continued
listing on The NASDAQ Global Market under Marketplace Rule 4450(b)(3).
The Company was provided 90 calendar days to regain compliance with the
MVPHS deficiency by achieving a MVPHS of the Company’s
common stock of at least $15,000,000 or more for 10 consecutive trading
days at any time before December 11, 2006.
The Company is currently evaluating its alternatives to resolve the
listing deficiency. If the Company does not resolve the listing
deficiency, the Company may apply for listing on The Nasdaq Capital
Market. The Company currently is in compliance with the listing
standards of The Nasdaq Capital Market.
About NationsHealth, Inc.
NationsHealth improves the delivery of healthcare to Medicare and
managed care beneficiaries by providing medical products and
prescription related services. NationsHealth provides home delivery of
diabetes, ostomy and pharmacy products to approximately 102,000 patients
across the nation. NationsHealth is also the provider of diabetes
supplies to more than 13,000 Medicare beneficiaries at over 1,100 Kmart
pharmacies. In addition to its medical products business, NationsHealth
also provides education, marketing, enrollment and customer service to
insurance plans, with a focus on Medicare Part D plans. NationsHealth
has an agreement with CIGNA to service its Medicare Part D prescription
drug plans nationally. For more information please visit http://www.nationshealth.com.
NationsHealth, Inc. (Nasdaq: NHRX, NHRXW, NHRXU) announced that it
was advised today by the Nasdaq Listing Qualifications Department that
the Company had demonstrated compliance with the continued listing
requirements for inclusion on The NASDAQ Global Market under
Marketplace Rule 4450(b)(1)(A), which requires a minimum $50,000,000
market value of listed securities for at least 10 consecutive trading
days, and, as a result, the staff had closed its review of the
Company's eligibility under Marketplace Rule 4450(b)(1)(A). The
Company had previously announced this review on October 18, 2006.
As previously announced, on September 12, 2006 NationsHealth was
advised in a separate review by the Nasdaq Listing Qualifications
Department that the Company's common stock had not maintained a
minimum market value of publicly held shares ("MVPHS") (i.e. the
Company's total shares outstanding less any shares held by officers,
directors or beneficial owners of 10 percent or more) of at least
$15,000,000 as required for continued listing on The NASDAQ Global
Market under Marketplace Rule 4450(b)(3). The Company was provided 90
calendar days to regain compliance with the MVPHS deficiency by
achieving a MVPHS of the Company's common stock of at least
$15,000,000 or more for 10 consecutive trading days at any time before
December 11, 2006.
The Company is currently evaluating its alternatives to resolve
the listing deficiency. If the Company does not resolve the listing
deficiency, the Company may apply for listing on The Nasdaq Capital
Market. The Company currently is in compliance with the listing
standards of The Nasdaq Capital Market.
About NationsHealth, Inc.
NationsHealth improves the delivery of healthcare to Medicare and
managed care beneficiaries by providing medical products and
prescription related services. NationsHealth provides home delivery of
diabetes, ostomy and pharmacy products to approximately 102,000
patients across the nation. NationsHealth is also the provider of
diabetes supplies to more than 13,000 Medicare beneficiaries at over
1,100 Kmart pharmacies. In addition to its medical products business,
NationsHealth also provides education, marketing, enrollment and
customer service to insurance plans, with a focus on Medicare Part D
plans. NationsHealth has an agreement with CIGNA to service its
Medicare Part D prescription drug plans nationally. For more
information please visit http://www.nationshealth.com.